Dr Ghadir Abu Leil Cooper, head of emerging Europe, Middle East and Africa at Baring Asset Management, assesses Eastern Europe's markets and their performance over the past quarter.
Anti-government protests in Turkey last month put the country’s financial markets under pressure during the second quarter of 2013, with the MSCI Turkey index declining 16.9% in US dollar terms. Localised civil protests in Turkey against the redevelopment of central Istanbul’s Taksim Square spread into general protests throughout June and July. Concerns about the potential destabilising effects of these protests on the economy saw the Turkish equity market decline sharply in May and June to levels last seen in October 2012. This was not helped by coinciding with a sharp and general...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
